RETAIL STRIP CENTER

Shopping Center for Sale
Catylist Listing ID: 30732933
Property Subtypes: Mixed Use, Neighborhood Center, Strip Center
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Sale Price: $1,550,000
Unit Price: $155 PSF
Ceiling: 10 ft.
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.64%
Last Updated: 5/20/2021

Overview / Comments

This is a great Multi-tenant building with 10,000 SF located in the West Broadway corridor of Louisville. Three National Tenants with a Corporate
guarantee include Papa John's, Buddy's Home Furnishing and Liberty Tax services.

Recent improvements include New TPO Roof in 2019 with 15 year guarantee,
New rooftop HVAC unit in 2020, Parking lot sealed and striped in 2021.

Lease is a NN.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 001H01100000
Zoning: C-2 - Commercial District
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: Broadway
Highway Access: Located about 1 mile South of I-64.
Airports: Louisville International Airport
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Internet Access: Other
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,531 128,466 271,497
Median Age: 31.29 35.2 36.56
Households: 7,567 53,897 117,099

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